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LIT/USDTPERP Potential Upward Movement

LIT/USDTPERP Long-Term Trend: Bullish

Key Resistance Levels: 4.236, 6.203, 7.791

Key Support Levels: 3.064, 2.429, 2.045

Daily Chart:

The price on the higher time frame succeeded to break the strong resistance line around the 3.064 USDT and retrace to it. The market continued its move upward in the same direction of the main trend by posting three consecutives bullish bars.

LIT/USDTPERP Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the price is posting higher highs and lows where it retraced to the previous swing and posted a correction count. We are expecting a movement to the upside where the buyers took control of the market around the 61.80% Fibonacci retracement level.

Signal Idea:

Buy Limit Order @ 3.855

TP 1 @ 4.210

TP 2 @ 6.203

Stop Loss @ 3.754

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

One comment

  1. I prefer Forex… 🙄 but thank you anyway.

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